Finland Population: 5,498,211

Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It gained complete independence in 1917. During World War II, Finland successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union - albeit with some loss of territory. In the subsequent half century, Finland transformed from a farm/forest economy to a diversified modern industrial economy; per capita income is among the highest in Western Europe. A member of the EU since 1995, Finland was the only Nordic state to join the euro single currency at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are high quality education, promotion of equality, and a national social welfare system - currently challenged by an aging population and the fluctuations of an export-driven economy.

conventional long form: Republic of Finland conventional short form: Finland local long form: Suomen tasavalta/Republiken Finland local short form: Suomi/Finland etymology: name may derive from the ancient Fenni peoples who are first described as living in northeastern Europe in the first centuries A.D.

history: previous 1906, 1919; latest drafted 17 June 1997, approved by Parliament 11 June 1999, entered into force 1 March 2000 amendments: proposed by Parliament; passage normally requires simple majority vote in two readings in the first parliamentary session and at least two-thirds majority vote in a single reading by the newly elected Parliament; proposals declared “urgent” by five-sixths of Parliament members can be passed by at least two-thirds majority vote in the first parliamentary session only; amended several times, last in 2012 (2016)

Legal system:

civil law system based on the Swedish model

Suffrage:

18 years of age; universal

Executive branch:

chief of state: President Sauli NIINISTO (since 1 March 2012)

head of government: Prime Minister Juha SIPILA (since 28 May 2015)

cabinet: Council of State or Valtioneuvosto appointed by the president, responsible to Parliament elections/appointments: president directly elected by absolute majority popular vote in 2 rounds if needed for a 6-year term (eligible for a second term); election last held on 5 February 2012 (next to be held in February 2018); prime minister appointed by Parliament in 2015

description: unicameral Parliament or Eduskunta (200 seats; 199 members directly elected in single- and multi-seat constituencies by proportional representation vote and 1 member in the province of Aland directly elected by simple majority vote; members serve 4-year terms)

highest court(s): Supreme Court or Korkein Oikeus (consists of the court president and 18 judges); Supreme Administrative Court (consists of 21 judges including the court president and organized into 3 chambers); note - Finland has a dual judicial system - courts with civil and criminal jurisdiction, and administrative courts with jurisdiction for litigation between individuals and administrative organs of the state and communities judge selection and term of office: Supreme Court and Supreme Administrative Court judges appointed by the president of the republic; judges serve until mandatory retirement at age 65

Center Party or Kesk [Juha SIPILA] Christian Democrats or KD [Sari ESSAYAH] Finns Party or PS [Timo SOINI] Green League or Vihr [Ville NIINISTO] Left Alliance or Vas [Paavo ARHINMAKI] National Coalition Party or Kok [Petteri ORPO] Social Democratic Party or SDP [Antti RINNE] Swedish People's Party or SFP [Carl HAGLUND]

note: in use since 1848; although never officially adopted by law, the anthem has been popular since it was first sung by a student group in 1848; Estonia's anthem uses the same melody as that of Finland

Finland has a highly industrialized, largely free-market economy with per capita GDP almost as high as that of Austria, Belgium, the Netherlands, or Sweden. Trade is important, with exports accounting for over one-third of GDP in recent years. Finland is historically competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in export of technology for mobile phones as well as promotion of startups in the information and communications technology, gaming, cleantech, and biotechnology sectors. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the cold climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export industry, provides a secondary occupation for the rural population. Finland had been one of the best performing economies within the EU before 2009 and its banks and financial markets avoided the worst of global financial crisis. However, the world slowdown hit exports and domestic demand hard in that year, causing Finland’s economy to contract from 2012-14. The recession affected general government finances and the debt ratio. Finland's main challenges will be reducing high labor costs and boosting demand for its exports. In the long term, Finland must address a rapidly aging population and decreasing productivity in traditional industries that threaten competitiveness, fiscal sustainability, and economic growth. The depreciating ruble and Russia’s general economic slowdown will dampen exports to Russia.

note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as int

8,000 km (includes Saimaa Canal system of 3,577 km; southern part leased from Russia; water transport used frequently in the summer and widely replaced with sledges on the ice in winter; there are 187,888 lakes in Finland that cover 31,500 km); Finland also maintains 8,200 km of coastal fairways (2013)